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TC Energy Corporation (NYSE:TRP – Free Report) (TSE:TRP) – Stock analysts at Atb Cap Markets raised their FY2025 earnings estimates for shares of TC Energy in a note issued to investors on Thursday, July 17th. Atb Cap Markets analyst N. Heywood now anticipates that the pipeline company will post earnings per share of $2.50 for the year, up from their previous forecast of $2.38. The consensus estimate for TC Energy’s current full-year earnings is $2.63 per share.
TRP has been the topic of a number of other reports. Cibc World Mkts upgraded shares of TC Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 2nd. CIBC upgraded shares of TC Energy from a “neutral” rating to a “sector outperform” rating in a research note on Friday, May 2nd. Finally, Citigroup started coverage on shares of TC Energy in a research note on Friday, April 4th. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $62.00.
Read Our Latest Research Report on TRP
TC Energy Trading Down 0.8%
NYSE TRP opened at $47.40 on Monday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.63 and a current ratio of 0.70. The firm has a market cap of $49.29 billion, a PE ratio of 16.70, a P/E/G ratio of 4.60 and a beta of 0.76. TC Energy has a one year low of $40.95 and a one year high of $51.99. The firm’s fifty day moving average is $48.93 and its two-hundred day moving average is $47.85.
TC Energy (NYSE:TRP – Get Free Report) (TSE:TRP) last announced its quarterly earnings results on Thursday, May 1st. The pipeline company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.04). TC Energy had a return on equity of 11.41% and a net margin of 29.17%. The company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the prior year, the business earned $1.02 earnings per share.
TC Energy Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be issued a $0.6142 dividend. This represents a $2.46 annualized dividend and a dividend yield of 5.18%. The ex-dividend date is Monday, June 30th. TC Energy’s payout ratio is 82.51%.
Institutional Trading of TC Energy
A number of institutional investors have recently added to or reduced their stakes in the stock. Lowe Wealth Advisors LLC purchased a new stake in shares of TC Energy in the first quarter valued at about $30,000. Hilltop National Bank purchased a new stake in shares of TC Energy in the second quarter valued at about $32,000. Millstone Evans Group LLC purchased a new stake in shares of TC Energy in the fourth quarter valued at about $41,000. TruNorth Capital Management LLC purchased a new stake in shares of TC Energy in the first quarter valued at about $45,000. Finally, Truvestments Capital LLC purchased a new stake in shares of TC Energy in the first quarter valued at about $45,000. Hedge funds and other institutional investors own 83.13% of the company’s stock.
TC Energy Company Profile
TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Energy Solutions. The company builds and operates a network of 93,600 kilometers of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses.
Further Reading
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